Cervus Equipment broke ground on a new 28,000 square foot facility in Hanna, Alta. The new facility will be the most energy efficient building the dealership group operates.
Last week, both publicly traded Canadian farm equipment dealership groups issued their second quarter 2017 earnings reports. Both Cervus Equipment and Rocky Mountain dealerships posted solid revenue gains for the 3 month period ended June 30, 2017.
Rocky Mountain Dealerships (RME) and Cervus Equipment (CERV), two of Canada’s largest farm equipment dealership groups, issued first quarter earnings reports in the past week showing improved sales levels.
Cervus Equipment Corp. announced it has entered into a definitive agreement with a single purchaser for the long-term sale and leaseback of approximately $55.7 million of real estate currently owned by the Company.
Cervus Equipment Corp., John Deere's largest farm equipment dealer in Western Canada, announced its intention to seek a long term sale and leaseback of approximately $50 to $60 million of real estate currently owned by the company.
Canada’s two publicly traded dealerships, Cervus Equipment and Rocky Mountain Dealerships, posted strong earnings reports earlier this month, especially considering the sluggish sales many farm equipment dealers have experienced during the past year.
Cervus Equipment reported its first quarter revenues increased $71.5 million, or 43% compared to the same quarter last year. However, on a same-store basis, revenues were down $11 million or 7% vs. the first quarter of 2014.
Built on 90 years of expertise, Yetter Farm Equipment leads the agriculture industry in designing effective and innovative equipment for residue management, seedbed preparation, precision fertilizer placement, harvest attachments, strip-tillage, and more.
Montag is the industry’s innovative leader for precise, accurate metering of fertilizer, seed and other nutrients. The Montag system has become the standard for deep banding of fertilizer. Montag is also pioneering the technology for cover crop seed application. The new Cover Crop+ is able to meter the smallest seed, and can be mounted to tillage implements, combines, plus Hagie sprayers and detasselers.
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